Chelsea Portfolio Ltd is a UK registered company. We are a family-run business whose founders worked tirelessly to build their residential property portfolio after emigrating from India in the 1960s with just a few pounds. Through hard work, tenacity and ambition, we’ve come a long way since then. We have over 40 years’ experience in the residential property market and bought our first multi-apartment rental property in this company in 1996 in Margate, with the Hythe apartments following soon after.
It is important to us that wherever we acquire a building, we make improvements that benefit the local area and the people who live there. Our latest development, The Residence, is no exception.
We also work with local businesses, and we will employ a Kent builder to work on this latest project with us.
The Residence
Chelsea Portfolio Ltd acquired Pensand House and Marlborough Court in 1996 through Allsop Auction. At the time it was neglected and poorly managed, and we turned it around to provide 56 prime location rental apartments with an on-site manager.
Having provided high quality rental accommodation to the area for more than 28 years, to working tenants and those claiming benefits, we are now moving the building to the next stage.
The rental market has changed a great deal over the years and, as we are a family-run business, it is now untenable for us to continue to let the apartments. The building has become tired and in need of improvement. We therefore made the decision to completely renovate it, creating a stylish and unique coastal landmark providing 58 new homes, including 6 penthouses with unparalleled views of Hythe’s coast and picturesque town.
Having received planning permission, we worked closely with the local housing department to ensure the tenants did not feel under pressure to find a new home at once. As a result, we delayed the development work for more than 3 years, enabling tenants to re-house over time.
We are now in a position to start work on a multi-million pound upgrade that will allow us to create an iconic landmark on Hythe’s stunning coastline, enhancing the landscape and providing 58 quality new homes in the premier location of Hythe.
Our Architects – ACP Architects
ACP are a multi-award winning Chartered Architects and are proud of their 20 year association with Chelsea Portfolio Ltd, working together on residential projects both in the Midlands and in the South of England. One of the practice’s recent projects, a conversion and refurbishment of former rural hospital in Staffordshire into private family home, was the winner of the Daily Telegraph Homebuilding & Renovating Awards for 2022.
The practice has been working together with Chelsea Portfolio Ltd on The Residence since 2015 and took great pride in gaining planning permission to transform this outdated residential development into something more contemporary. The site benefits from impressive views both sea ward and in land. The proposals will greatly enhance the sea frontage and will be a positive asset for Hythe.
Richard Taylor – BA(Hons), B.Arch, APMP, MaPS, RIBA
Get in touch
Show home open by appointment. Please enter your details to get in touch with a member of our dedicated sales team, or you can call Tammy on 07718 646193